Setting up a business

Description

GCSE BUSINESS Mind Map on Setting up a business, created by maddiejessop on 04/08/2015.
maddiejessop
Mind Map by maddiejessop, updated more than 1 year ago
maddiejessop
Created by maddiejessop about 11 years ago
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Resource summary

Setting up a business
  1. entrepreneur
    1. person who takes the risk of starting a business up.
    2. A business is the organisation set up for the buying and selling of goods or services
      1. WHY WOULD YOU WANT TO RUN YOUR OWN BUSINESS?
        1. To be your own boss
          1. Make money
          2. Gap in the market is a product or service that customers want that hasn't been met yet
            1. can charge what you want
              1. DISADVANTAGES
                1. Hard to get money invested into it
                  1. someone could steal your idea
                2. MARKETING MAPPING
                  1. You can see where the gap is
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